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McAlister's Deli 12707 E 86th Pl N 3,844 SF 100% Leased Retail Building Owasso, OK 74055 $4,193,758 CAD ($1,090.99 CAD/SF) 5.75% Cap Rate



Executive Summary
Brand New 2022 Construction | 16 Years Remaining on a 20-Year NNN Lease Commencing June 2022, Plus Three 5-Year Renewal Options Extending Potential Occupancy Through 2057
True NNN Lease | Tenant Responsible for Roof & Structure, Delivering Passive, Management-Free Ownership With No Landlord Capital Obligations or Operating Expense Exposure
Scheduled 8% Rent Increase in June 2027 Lifts the Going-In Yield From 5.75% to Approximately 6.21%, a ~46 Basis Point Increase
Directly Across from Owasso High School | One of the Largest High Schools in Oklahoma With Approximately 3,000 Students in Grades 9–12, Driving a Built-In Daytime Customer Base And Strong Lunch-Daypart Traffic for the Tenant
McAlister’s Deli | 500+ Restaurants Across 29 States And a Flagship Brand Within GoTo Foods, the Roark Capital-Owned Platform Operating Over 7,400 Locations in All 50 States And 71 Countries
Affluent, Fast-Growing Owasso, OK | Third Largest City in the Tulsa Metro And One of the Fastest-Growing in the State, up More than 17% Since the 2020 Census
Strong Household Demographics | Median Household Income Approaching $80,000 With Steady ~2.5% Annual Population Growth Within an Established Upscale Retail Corridor Just North of Tulsa
True NNN Lease | Tenant Responsible for Roof & Structure, Delivering Passive, Management-Free Ownership With No Landlord Capital Obligations or Operating Expense Exposure
Scheduled 8% Rent Increase in June 2027 Lifts the Going-In Yield From 5.75% to Approximately 6.21%, a ~46 Basis Point Increase
Directly Across from Owasso High School | One of the Largest High Schools in Oklahoma With Approximately 3,000 Students in Grades 9–12, Driving a Built-In Daytime Customer Base And Strong Lunch-Daypart Traffic for the Tenant
McAlister’s Deli | 500+ Restaurants Across 29 States And a Flagship Brand Within GoTo Foods, the Roark Capital-Owned Platform Operating Over 7,400 Locations in All 50 States And 71 Countries
Affluent, Fast-Growing Owasso, OK | Third Largest City in the Tulsa Metro And One of the Fastest-Growing in the State, up More than 17% Since the 2020 Census
Strong Household Demographics | Median Household Income Approaching $80,000 With Steady ~2.5% Annual Population Growth Within an Established Upscale Retail Corridor Just North of Tulsa
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
3,844 SF
Building Class
B
Year Built
1994
Price
$4,193,758 CAD
Price Per SF
$1,090.99 CAD
Cap Rate
5.75%
NOI
$241,135 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.11
Lot Size
0.84 AC
Zoning
CS
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 61245-14-20-22080 | Improvements Assessment | $70,851 CAD |
| Land Assessment | $21,693 CAD | Total Assessment | $92,544 CAD |
Property Taxes
Parcel Number
61245-14-20-22080
Land Assessment
$21,693 CAD
Improvements Assessment
$70,851 CAD
Total Assessment
$92,544 CAD
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McAlister's Deli | 12707 E 86th Pl N
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